Entrepreneurs Relief now lets you pay 10% tax on up to £5 million of capital gains during your lifetime. With the top capital gains tax rate now 28%, the potential saving is £900,000 per person. The relief is designed mainly for people selling…
Given the relatively high rate of UK inheritance tax, many people look to lose their UK domicile status when they leave the UK. This has the advantage of ensuring that overseas assets are outside the scope of UK inheritance tax. It also means that…
We're often asked for tax structure where a UK non-resident and non-domiciled individual wishes to purchase a UK property. In this article we look at some of the tax planning issues and opportunities available. Jack is resident and domiciled in…